Previous Close | 1,639.63 |
Open | 1,638.70 |
Bid | 1,595.87 x 200 |
Ask | 1,842.68 x 200 |
Day's Range | 1,634.91 - 1,767.01 |
52 Week Range | 945.32 - 1,767.01 |
Volume | |
Avg. Volume | 82,164 |
Market Cap | 25.268B |
Beta (5Y Monthly) | 0.88 |
PE Ratio (TTM) | 2.24 |
EPS (TTM) | 784.56 |
Earnings Date | Apr 25, 2024 |
Forward Dividend & Yield | 6.56 (0.40%) |
Ex-Dividend Date | Feb 28, 2024 |
1y Target Est | 1,842.00 |
(Bloomberg) -- First Citizens BancShares Inc., which scooped up Silicon Valley Bank after the lender failed last year, rose after boosting its guidance for lending income for 2024 given expectations for fewer interest rate cuts by the Federal Reserve.Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesZuckerberg As
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of failed Silicon Valley Bank (SVB) last year. The Raleigh, North Carolina-based lender has been boosted by its buyout of SVB, which collapsed last year. SVB's failure triggered the biggest banking crisis in 15 years and prompted government rescue efforts.
(Reuters) -First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of failed Silicon Valley Bank (SVB) last year. The Raleigh, North Carolina-based lender has been boosted by its buyout of SVB, which collapsed last year. SVB's failure triggered the biggest banking crisis in 15 years and prompted government rescue efforts.